SIREN : 400594412
CODIM 2 is a French company founded 31 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in BASTIA (20200), this company of category GE shows in 2024 a revenue of 32.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32 526 692 € | 44 240 957 € | 40 992 012 € | 39 669 449 € | 38 134 815 € | 39 847 671 € | 40 247 276 € | 38 574 759 € | 38 309 985 € |
| Net income | -36 382 581 € | -37 723 150 € | -10 364 086 € | -10 893 918 € | -16 069 723 € | -17 181 019 € | -9 086 386 € | -1 394 783 € | -6 093 223 € |
| EBITDA | 11 733 783 € | 30 397 895 € | 26 298 657 € | 24 676 352 € | 20 973 006 € | 22 342 813 € | 20 782 707 € | 19 326 894 € | 22 180 686 € |
| Net margin | -111.9% | -85.3% | -25.3% | -27.5% | -42.1% | -43.1% | -22.6% | -3.6% | -15.9% |
In 2024, CODIM 2 achieves revenue of 32.5 M€. Activity remains stable over the period (CAGR: -2.0%). Significant drop of -26% vs 2023. After deducting consumption (7.5 M€), gross margin stands at 25.0 M€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 11.7 M€, representing 36.1% of revenue. Warning negative scissor effect: despite revenue change (-26%), EBITDA varies by -61%, reducing margin by 32.6 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -36.4 M€ (-111.9% of revenue), which will impact equity.
32 526 692 €
24 992 630 €
11 733 783 €
15 293 138 €
-36 382 581 €
36.1%
The debt ratio (= Financial debt / Equity x 100) stands at 3%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
2.596%
1.203%
-127.174%
-0.001
48.0%
In 2024, the debt ratio of CODIM 2 (2.60) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of CODIM 2 (1.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of CODIM 2 (-0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 84.27. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 464.4x. Operating income very largely covers interest expenses: high safety margin.
84.268
464.368
In 2024, the liquidity ratio of CODIM 2 (84.27) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2024, the interest coverage of CODIM 2 (464.4x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 136 days. Excellent situation: suppliers finance 66 days of the operating cycle (retail model). Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-69 days): operations structurally generate cash. Over 2016-2024, WCR increased by +81%, requiring additional financing.
-6 249 679 €
70 j
136 j
1 j
-69 j
Based on 169 transactions of similar company sales in 2024, the value of CODIM 2 is estimated at 50 905 823 € (range 14 630 434€ - 91 646 540€). With an EBITDA of 11 733 783€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (in line with sector norms). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
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This estimate is based on the analysis of 169 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare CODIM 2 with other companies in the same sector:
Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers
The revenue of CODIM 2 in 2024 is 32.5 M€.
CODIM 2 recorded a net loss in 2024.
The headquarters of CODIM 2 is located in BASTIA (20200).
The tax return of CODIM 2 is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
CODIM 2 operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.